Razorpay is a Bangalore, India-based fintech company founded in 2014 by IIT Roorkee alumni Harshil Mathur and Shashank Kumar. The company is committed to providing comprehensive payment and banking solutions to Indian and global businesses, covering collection, payment, identity verification, risk management and more.
Regulatory
InformationRazorpay has been granted several key licenses by the Reserve Bank of India (RBI), including:
- Payment Aggregator (PA) License: Allows the company to provide online payment services to merchants.
- Cross-Border Payment Aggregator (PA-CB) License: Enables companies to collect payments in India for international businesses and provides cross-border payment solutions for Indian exporters and freelancers.
- Prepaid Payment Instrument (PPI) License: Authorizes a company to issue a prepaid payment instrument, such as a card or digital wallet.
These licenses make Razorpay one of the few non-bank fintech companies in India to be fully licensed for payments.
Products &
ServicesRazorpay offers a payment gateway that supports a variety of payment methods, including UPI, credit cards, debit cards, digital wallets, and more. The platform supports instant settlement, no-code integration, and transaction processing with a high success rate, making it suitable for businesses of all sizes.
RazorpayX is a platform that provides banking services for businesses, covering the following features:
- Business Accounts: Provides enterprise-grade bank account services that support multiple currencies and transaction methods.
- Supplier payments: Streamline the process of paying suppliers to support bulk payments and automated reconciliation.
- Payroll: Provide payroll and employee benefits management services for businesses.
- Tax Payments: Supporting businesses in filing and making tax payments.
Razorpay Capital provides short-term loan services to help SMEs solve their cash flow problems. The loan amount and interest rate are determined based on the transaction history and credit status of the business.
- KYC services: Razorpay offers automated KYC (Know Your Customer) processes that support verification of Aadhaar, PAN, GSTIN, and more.
- Risk management: The company employs machine learning and artificial intelligence technologies to monitor transactions in real-time and identify and prevent fraud.
- Subscription management: Razorpay offers subscription billing and management services that support recurring payments and auto-renewals.
- Invoice management: Businesses can create and send GST-compliant e-invoices through Razorpay.
- Marketplace support: Razorpay supports the marketplace's split payment feature, which automatically deducts commissions from customer payments and distributes the remainder to vendors.
Market Positioning &
StrategyRazorpay's primary target customers are small and medium-sized enterprises in India, especially in industries such as e-commerce, education, financial services, travel, and SaaS. By providing a variety of payment and financial services, the company helps enterprises achieve digital transformation and improve operational efficiency. In addition, Razorpay is also actively expanding into international markets, especially in the field of cross-border payments. The company has obtained a cross-border payment aggregator license from RBI, enabling it to collect payments in India for global businesses and provide cross-border payment services to Indian exporters.
Neutral Evaluation:
As one of India's leading fintech companies, Razorpay has successfully supported the digital transformation of a large number of SMEs with its comprehensive payment and banking solutions. The company's compliance efforts ensure the sustainable development of the business. However, in the face of India's complex regulatory environment and fierce market competition, Razorpay needs to continue to innovate and respond flexibly to maintain its market position.
For more information, visit the official Razorpay website at https://razorpay.com
